Topic: BidyBit.com - Double your money with bidding! - page 13. (Read 16195 times)

No, withdraw is not working!
Proof: http://m.imgur.com/FatHn56

Any feedback ? are you people satisfy from their work ?

WITHDRAW DOESNT WORK!

FIX IMMEDIATELY PLEASE!

BidyBit is not your basic online auction model. We proudly developed a unique, exciting way to rejuvenate a century-old traditional auction in the digital era. We do understand that the similarities can create a bit of confusion, and we don’t want that to obscure how we do business. So we’ve decided to explain just how things work around here.


Getting Started
Before you start bidding, you have to register an account with us. On the home page simply click on the “Open free account” button, or click on the button in the top right corner of the site that says “Sign Up” along the Sign in Button. Once you’re done registering, a confirmation email will be sent to the address you provided together with your new account login details. If you don’t immediately receive this email from BidyBit, then check your Spam folder to ensure that it wasn’t mistakenly identified or blocked.

We recommend you to add us to your safe senders list ([email protected]) in order to avoid future confusion. Once you’ve signed up, you’re free to participate in the auctions straight away!!


Buying Bids
Who loves options? Everybody. Well, you’ve got two when it comes to buying bids. You may (A) purchase bids immediately after sign up, or (B) click on the big green “Deposit” button on the main page of your user panel at any other time. After clicking on the “Deposit” button, a window will slide down, with the instructions on how to fill up your account. We are accepting bitcoin as deposit option. From here, you’re almost ready to join your first auction!

Remember, when depositing to your account you are really buying the right to place bids and that each bid is worth depending on the slot you are bidding on at the exact moment of the bid. The price is shown at the bottom of every bidding block . Purchasing bids doesn’t guarantee that you’ll win, but the “Deposit” feature is always at your disposal (we’ll discuss that in a bit), and it’s basically like spending money towards gaining more money!

How to participate?
Congratulations on making it this far! Now you’ll see your new account balance together with other statistics at the top of user panel page. These numbers will update every time you bid on our site.

Before you start bidding, we strongly recommend you watch a few auctions and – in so doing – take some time to familiarize yourself with the pace and the dynamics of an auction. On the home page under user statistics you will see a section of four blocks that displays the auctions that are currently running.


The Timer
Depending on the game slot, The timer counts down consecutively to 0. The timer will add +10 seconds to the clock every time when timer goes down under 60 seconds, but it won’t go higher then minute after that. Thereby giving other users the chance to bid again and get out bigger jackpots.

When the time expires, the auction ends and the last person to bid wins the grand Jackpot amount and it gets instantly credited to your account balance. Congratulations for quadrupling your money!


Bidding
Simply click the “bid now” button on the corresponding Jackpot slot you wish to bid on (at homepage of bidybit). Your bid will be recorded and your name will show up as the highest bidder. The corresponding amount of each bid you place gets credited to the Jackpot amount you are able to win.

For example, if the Jackpot is $100, and price for each bid is 1 cent, so each bid you make instantly gets credited to the total amount of what you can win at that Jackpot! So everyone who bids, contributes to the amount. Isn’t that awesome? More for you to win!

Each time you’re outbid by another user, you’ll need to manually click the “bid now” button again if you wish to guarantee that you’ll win the grand Jackpot!

Join us Today!
www.bidybit.com

Who is named angelo in the game?

Double your money just by one bid! Open your free account now and start bidding right away!

Thank you everyone who supports our new project.
Wishing lucky bids to everyone.

I think 10% aren't that good as well, maybe there should be a maximum fee because at some BTC amount it gets huge.

But I think in the long run this is quite small because it gets only charged when you withdraw and not while playing (dice sites charge about 1% house edge on every single bet!)

So while you are playing the site owners have no benefit from you because the amount of all bets will be won by a user.

But another point is if this game is provably fair. Because The site owners could simple create user with unlimited balance to win every jackpot another "real" user has already placed a bet on. Although I don't really know how to solve this issue.

Many have already climbed the Jackpot hill, will you be the next one?
You can find the most recent an highest Jackpot winners at the homepage of bidybit.

New functions will be added to the game as we progress. If you have any suggestions or ideas what you would like to see at BidyBit, then feel free to write them here or email us directly from our support page on BidyBit website.

The next function that is going to be added to BidyBit game is a user side chat box, so you could chat with other live players or even try to hesitate them just so you could be the king of the Jackpot!

10% withdrawal fee. In the long run, this fee will go down. But even tho, compared to the amount we invest as a Jackpot hosts, meaning that we start each pot from our pocket's, in this case, the 10% fee is just a more stable start for the game itself.

Advantage over Dice casino game type?
It's hard to compare as these games are not similar.
The main difference is that BidyBit game is always live and involves live players joining together in one game, joining they're Bitcoins in one huge Jackpot. So even if you are not playing from the start you still can join at any moment and possibly by spending  $1 you have a chance to score the whole jackpot no matter how huge it is, $10, $100 or even a million bucks. The gaming strategy is what matters here.

So you are taking 10% of everything customer won? I feel that is little too much in the long run. I mean House Edge on most casino games is lower than that, and they don't take additional withdrawal fees.
What is your game advantage over standard Dice casinos?

Withdrawals do not depend on deposits.
I mentioned that we are sorry, that this error happened. As the game has only recently been officially launched , we do encounter some errors.
But the main thing that matters at the end is that we fix these bugs asap and no one looses anything.

Please, if someone feels cheated, you are welcome to email us questions directly to [email protected] or discuss them here.
We know that this type of game is new to the public, so we are ready to help as needed.

Agreed. As long as there are funds in that address, which wasn't a while before.



Agreed.


Agreed.



I cashed out all my balance. But I am not sure whether the two transactions that filled the wallet is actually two deposits by other players??



I am not sure about that.
It is not a ponzi, works differently, but you should have some funds extra so that withdrawals do not depend on deposits.

Everyone get's paid instantly as soon as you click "withdraw button"
We take 10% withdrawal fee as it said on the website and that is the only fee we take.
We sponsor the standard Jackpot amount on each gaming slot from our pockets. This is our way of advertising the game, so yes we will loose more than we gain at the start. That is how every business works online and offline.
We do have enough to cover withdrawals and there shouldn't be any problems from this point.
We are sorry for those who experienced the server error.
We do have more than one BTC wallet with funds for BidyBit game, for extra security reasons we can't keep all our funds in one place.

So as far as word "PONZI" goes, then BiyBit is far from it as far as on the other side of the galaxy

So interested to know what will bidybit say regarding this issue. If it is true that the withdrawal is only funded by other deposits, so it is clear that this is a ponzi/hyip scheme. bidybit is online now, but seems that he/she/they ignore you. 

BidyBit is mobile, pc an tablet friendly.
BidyBit has a responsive design so it will look good and provide best gaming experience on any screen size.

This seems to be your hot wallet. https://blockchain.info/address/1MnVvgmoocr7SQNEFEdShRXVsxeVTYi7AZ

All deposits go there. All withdrawals come from there.

As soon as deposits < withdrawals (i.e. the address does not have funds to cover your withdrawals), you get server error.



That is precisely how ponzi works. Please top up the address with at least 1 BTC.


In other words, players get withdrawals only when 10% of withdrawals > the amount given away by the site towards to pot.

There is no maximum as how high the jackpot can go.
So you are able to win an unlimited amount of money at each game depending on how many bets are made, but still you can win the amount of the pot shown on bidy-slot, even if you are the only bidder!

No. Currently withdrawals are funded by other deposits.